Stocks to Watch: Silver Capital Corp, Carvana, and more...

Short squeeze targets (1/2)

Inside.com Part of   Network January 14, 2023

Hey Insiders,  After a year where meme stocks saw significant declines, with Bed Bath & Beyond falling 83%, AMC down 76%, and Gamestop down 50%, this week, there was a sharp reversal in their fortunes. Bed Bath & Beyond jumped 69% in one day despite announcing that they would be laying off employees in a cost-cutting measure and were considering filing for bankruptcy. Later that day, AMC gained 21%, and GameStop gained 7%, indicating that there may be momentum behind short-squeeze attempts in the coming weeks.  This weekend we are going to look at 20 stocks that have the potential to be the next short-squeeze target.  Onward and Upward,  Liam

Stock to Watch: Silvergate Capital Corp. (NYSE: SI) Silvergate Capital has a short interest of 60.9% as a percentage of the outstanding float. The days to cover the short interest in the stock at the current trading volume would be 4.62 days. Silvergate Capital currently has a market cap of 394M, which makes it prone to retail investors or smaller funds squeezing the stock.

Stock to Watch: Carvana (NYSE: CVNA) Carvana has a short interest of 58% as a percentage of the outstanding float. The days to cover the short interest in the stock at the current trading volume would be 3.96 days. Carvana currently has a market cap of $1B.

Stock to Watch: Sitio Royalties (NYSE: STR) Sitio Royalties has a short interest of 55.7% as a percentage of the outstanding float. The days to cover the short interest in the stock at the current trading volume would be 6.69 days. Sitio Royalties currently has a market cap of $3.9B.

Stock to Watch: Bed Bath & Beyond Inc. (NASDAQ: BBBY) Bed Bath & Beyond has a short interest of 50.27% as a percentage of the outstanding float. The days to cover the short interest in the stock at the current trading volume would be 5.41 days. Bed Bath & Beyond currently has a market cap of $307M, which makes it prone to retail investors or smaller funds squeezing the stock.

Stock to Watch: Allogene Therapeutics, Inc. (NASDAQ: ALLO) Allogene Therapeutics has a short interest of 41.77% as a percentage of the outstanding float. The days to cover the short interest in the stock at the current trading volume would be 15.59 days. Allogene Therapeutics currently has a market cap of $920M.

Stock to Watch: Beyond Meat, Inc. (NASDAQ: BYND) Beyond Meat has a short interest of 39.8% as a percentage of the outstanding float. The days to cover the short interest in the stock at the current trading volume would be 13.38 days. Beyond Meat currently has a market cap of $989M.

Stock to Watch: Marathon Digital Holdings Inc (NASDAQ: MARA) Marathon Digital Holdings has a short interest of 39.53% as a percentage of the outstanding float. The days to cover the short interest in the stock at the current trading volume would be 3.5 days. Marathon Digital Holdings currently has a market cap of $646M, which makes it prone to Wall Street firms initiating a short squeeze.

Stock to Watch: Upstart Holdings, Inc. (NASDAQ: UPST) Upstart Holdings has a short interest of 39.14% as a percentage of the outstanding float. The days to cover the short interest in the stock at the current trading volume would be 7.4 days. Upstart Holdings currently has a market cap of $1.3B.

Stock to Watch: Gossamer Bio, Inc. (NASDAQ: GOSS) Gossamer Bio has a short interest of 37.95% as a percentage of the outstanding float. The days to cover the short interest in the stock at the current trading volume would be 2.71 days. Gossamer Bio currently has a market cap of $222M, which makes it prone to retail investors or smaller funds squeezing the stock.

Stock to Watch: EVgo, Inc. (NASDAQ: EVGO) EVgo has a short interest of 36.71% as a percentage of the outstanding float. The days to cover the short interest in the stock at the current trading volume would be 7.21 days. EVgo currently has a market cap of $1.4B.

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Liam Gill is a founder, lawyer and investor. He previously founded Fumarii Technologies, which became a top 20 ranked cloud computing service (Yahoo Finance! 2019) valued at over $30M. He holds an LLB Laws (UK), MSc Management and Master of Laws and currently practices law in Vancouver, Canada.   Editor Aaron Crutchfield is based in the high desert of California. Over the last two decades, he has spent time writing and editing at various local newspapers and defense contractors in California. When he's not working, he can often be found looking at the latest memes with his kids or working on his 1962 and 1972 Fords.

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